Page 5 - Unemployment In India

Unemployment rate falls to 6.6% in September quarter: Govt survey

The unemployment rate for people aged 15 years and above in urban areas declined to 6.6 per cent in the September quarter from 7.2 per cent a year ago, as per the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. Joblessness was high in the July-September period, mainly due to the staggering impact of Covid-related restrictions in the country. The unemployment rate in the March quarter of the previous fiscal was 6.8 per cent, while it was 6.6 per cent in April-June. The rate was 7.2 per cent in the third quarter of the previous fiscal. The unemployment rate for people aged 15 years and above in July-September 2022 was 7.2 per cent in urban areas, the 20th Periodic Labour Force Survey (PLFS) showed. It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 8.6 per cent in July-September from 9.4 per cent in the same quarter a year ago. It

Small-town freshers learning new-age tech skills to crack IT sector jobs

More and more candidates are registering to learn these skills in hopes of finding better employment opportunities in an increasingly competitive job market

J-K's unemployment rate dips to 4% from 5.2% in 2021-22: Officials

Jammu and Kashmir's current unemployment rate has decreased to around four per cent from 5.2 per cent in the financial year 2021-22, a senior official said. Director (Employment) Nisar Ahmad stated this during a meeting here to give an overview of the employment scenario in Jammu and Kashmir. "In the recent survey of the Ministry of Statistics and Programme Implementation (MoSPI), the unemployment rate in the Union territory has taken a dip and reduced to around 4 per cent from earlier 5.2 per cent (2021-22)", Ahmad said here. He said that the employment department is going to facilitate all those implementing employment generation schemes so that the rate of unemployment is brought to just 3 per cent, which is on par with the national average in the country. Speaking on the occasion, Secretary (Labour and Employment), Rehana Batul called upon all stakeholders to work towards further bringing down the unemployment rate of the UT and said that more than a dozen departments are worki

Reflects success: MoHRE as over 6.6 mn subscribe to Unemployment Insurance

The Scheme ensures social protection for workers - citizens and residents - in the federal government and private sectors, as it provides three-month compensation amounts for the insured

Unemployment rate in October rises to more than two-year high, says CMIE

The weakest monsoon rains in five years is weighing on farming output in the world's second-biggest producer of rice, wheat and sugar

EPFO's investible corpus crosses Rs 21 trn in FY23, ETF investments at 9.2%

The total investible corpus under the social security organisation has nearly doubled in the past five years. Earlier in FY19, the total corpus had stood at Rs 11.1 trillion

Tackling urban poverty

India's informal sector is a potent force for change and policymakers need to unlock its potential

Unemployment rate in India at its lowest level in 6 years: PM Modi

Prime Minister Narendra Modi on Thursday said India's expanding economy is creating new possibilities for the youth and the unemployment rate in the country is at its lowest level in the last six years. In a video message to the Kaushal Deekshant Samaroh of the Ministry of Skill Development and Entrepreneurship, the prime minister noted that new possibilities are being created for the youth as India's economy is expanding. He said that employment creation in India has reached a new height and the unemployment rate in India is at its lowest level in 6 years according to a recent survey. Noting that unemployment is decreasing rapidly in both rural and urban areas of India, the prime minister emphasised that the benefits of development are reaching both villages and cities equally, and as a result, new opportunities are increasing equally in both villages and cities. He also pointed out the unprecedented increase in the participation of women in India's workforce and credited the impa

Salaried employment slips in 12 major states, UTs, shows PLFS data

It's widely held that salaried roles, which guarantee consistent wages, offer better job security than casual positions or self-employment

India's jobless rate at 6-year low; wage employment share shrinks

The unemployment rate under the so-called "usual status" during the one-year period declined for the fifth consecutive year since its launch in April 2017

Urban jobless rate falls for second consecutive quarter to 6.6 % in Q1

The jobless rate in urban areas had been on a continuous decline since the high of 12.6 per cent recorded in the Covid-affected April-June quarter of FY22

As firms go on hiring freeze, freshers looking for jobs hit record-high

As many as 2.6 million freshers were actively looking for job opportunities in the last 30 days

Rural reprieve pushed India's unemployment rate to 1-year low in Sept: CMIE

The overall joblessness rate slid to 7.09% last month, from 8.10% in August, data from private research firm Centre for Monitoring Indian Economy showed.

Job creation remains a work in progress in four poll-bound states

A full-time 'government job', but job creation remains a work in progress in poll-bound states, in particular

Unemployment rate in India lowest among developing nations: Union Minister

Unemployment rate in India is the lowest among the developing countries and Pradhan Mantri Mudra Yojana (PMMY) has helped in achieving this self-sustaining employment, Union Minister of State for Chemicals and Fertilizers Bhagwanth Khuba said on Saturday. Khuba was speaking at a Rozgar Mela here where he handed over the appointment letters to 135 candidates. Youths from Telangana and Andhra Pradesh who secured jobs in Central government organisations and departments like AIIMS, LIC and Bank of Baroda received appointment letters from the Union Minister on the occasion, an official release said. Khuba said the Rozgar Melas being organised by the Central government are in line with the wishes of Prime Minister Narendra Modi to ensure transparency and corruption-free recruitment process. Corruption and biases used to happen in recruitment earlier, he alleged. Post pandemic, India has achieved 7.2 per cent GDP growth rate which is the highest in the world. Even economic powerhouses li

Unemployment narrative wrong; disadvantage due to lack of skills: MoS IT

Union Minister Rajeev Chandrasekhar on Friday said the narrative around unemployment in the country is not correct, as the Narendra Modi-led government is dealing with a "legacy problem" since it came to power in 2014 when 31 crore of 42 crore Indians at the workplace were unskilled. "This narrative about unemployment is not correct because there are a lot of jobs and micro-entrepreneurial opportunities being created, but they require skills," Chandrasekhar, the Union minister of state for skill development and entrepreneurship, said. "And why a lot of Indians today find themselves at a disadvantage, is that around 2014, of the 42 crore Indians in the workforce 31 crore were unskilled. Three out of four Indians after 65 years of Independence were left to fend for themselves without skills in the workplace and the last nine years we are dealing with that," he observed. The minister said, "In a way, a legacy problem is being solved" through skills in the National Education Policy. He

Weak rural labour market pushes India's unemployment rate above 8%

The unemployment rate jumped to 8.45% in June from 7.68% in the previous month, according to the Centre for Monitoring Indian Economy Pvt. While unemployment in urban areas eased to 7.87% last month

Unemployment rate dips 7.7% in May on decline in labour participation: CMIE

The unemployment rate in India fell to 7.7 per cent in May due to a decline in the labour participation at 441.9 million, according to a data released by private economic think tank CMIE. Unemployment rate in India among people aged 15 years and above fell to 7.7 per cent in May 2023, from 8.5 per cent in the previous month, CMIE's Natasha Somayya K said in an analysis on its website. The unemployment rate inched down as a consequence of a fall in the labour participation, which implies a fall in the number of people who entered the labour market in search of work. Compared to April, labour participation rate (LPR) fell by 1.1 percentage point to 39.6 per cent in May, she said. "This drop in LPR in May was expected because April witnessed a large number of people entering the labour force but only a small share was able to secure employment in the month. This was bound to discourage many from searching for work in the month of May. As a result, the labour force shrunk in size from

Unemployment among urban youth down in Q4FY23 but still elevated at 17.3%

The unemployment rate among the youth in urban India stood at 20.2 per cent in the year-ago period

India's urban unemployment rate falls to 6.8% in Q4, shows govt data

The jobless rate in urban areas had been on a continuous decline since the peak of 20.8% in the April-June quarter of FY21